Hot Property Alert: Mermaid Inn Hits the Market in Myrtle Beach!

Hot Property Alert in Myrtle Beach!

Myrtle Beach, a favorite destination for sun-seekers and vacationers, is buzzing with real estate news! If you’ve ever dreamt of owning a cozy hotel a short stroll away from the beautiful sandy shores, today might be your lucky day. The Mermaid Inn, located at 5400 North Ocean Blvd., is officially on the market and looking for its next owner!

A Quick Overview of the Mermaid Inn

This charming hotel was built in 1971 and boasts a total of 57 rooms ready to welcome guests seeking a slice of relaxation by the beach. The asking price? Less than $6.5 million! Not a bad deal considering its prime location and recent upgrades.

Speaking of upgrades, the Mermaid Inn isn’t just a throwback to the past. In 2024, the property underwent some snazzy renovations, with both internal and external improvements that make it even more appealing. According to the Horry County Land Records, the last sale of the property was in March 2022 for $4.9 million, which means the current asking price reflects a good opportunity for potential buyers.

Meet the Real Estate Guru

The real estate professional handling this delightful property is Amir Tal. He wears multiple hats as the managing director at Capital Property Partners and is a commercial real estate broker with BH Capital Advisors. While he couldn’t be reached for comments prior to publication, his track record signifies a keen understanding of the property market.

Myrtle Beach is Hot with Hotel Listings!

But hold on! The Mermaid Inn is not alone in the wave of hotel listings hitting the market in 2024. This relaxed beach town is seeing quite a few properties up for grabs. For instance, just a stone’s throw away, you’ll find the Happy Holiday Motel, which is listed for $6.9 million. Meanwhile, the Aqua Beach Inn, with its 60 rooms, can be yours for $5.9 million. And let’s not forget the La Dolce Vita Villas, located in North Myrtle Beach, which has an asking price of $2.5 million! Talk about a real estate boom!

Get on Board with Myrtle Beach Real Estate

This wave of listings is creating quite the buzz in the local real estate market. With summer right around the corner, potential buyers are realizing that now might just be the perfect time to dive into the business of hospitality or perhaps create their own oasis by the beach! Myrtle Beach is not only a hotspot for vacationers but also an alluring place for investment opportunities.

For those interested in the property world, it’s a fantastic time to keep an eye on the developments in the Myrtle Beach area. Not only does the beachfront provide a stunning canvas for hotel operations, but the bustling tourist season promises financial returns for the savvy investor. Real-time updates and local stories could be just what you need to stay connected to the latest offerings and opportunities!

What’s Next?

The Mermaid Inn and several other properties are making waves, and it might be the perfect opportunity for you to join the Myrtle Beach real estate adventure. With the promise of sun-soaked days and relaxed evenings just steps from the sand, who wouldn’t be tempted to consider a slice of this paradise?

So, if a hotel investment sounds like the right kind of adventure for you, take a closer look at the offerings in Myrtle Beach. With the beach calling and the market heating up, the timing could be just right to make a move!